Global property deals could exceed $1 trillion (669.88 billion pounds) this year for the first time since 2007, helped by growing confidence in North America and Asia and a greater appetite among sovereign wealth funds for real estate, a report said.
Property consultant Cushman & Wakefield said it sees global investment volumes rising 14 percent in 2013, after increasing to $929 billion in 2012. This would be the highest level since the year before the 2008 financial crisis when investors ploughed $1.25 trillion into property deals........................................Full Article: Source